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Petrol Price in New Delhi (22nd September 2017)

Petrol prices in Delhi are now changing everyday, as against every 15 days before. We are providing daily petrol price rates, so you can check the same on goodreturns.in

Petrol Price in New Delhi Today (Applicable from 6 am)

Last 10 Days Petrol Rate in New Delhi

Date Price Price Change
Sep 21, 2017 ₹ 70.52 ₹ 0.00
Sep 20, 2017 ₹ 70.52 ₹ 0.00
Sep 19, 2017 ₹ 70.52 ₹ 0.01
Sep 18, 2017 ₹ 70.51 ₹ 0.00
Sep 17, 2017 ₹ 70.51 ₹ 0.03
Sep 16, 2017 ₹ 70.48 ₹ 0.05
Sep 15, 2017 ₹ 70.43 ₹ 0.04
Sep 14, 2017 ₹ 70.39 ₹ 0.01
Sep 13, 2017 ₹ 70.38 ₹ 0.00
Sep 12, 2017 ₹ 70.38 ₹ 0.08

Daily & Monthly Petrol Price in New Delhi : Graphical Representation

Historical Petrol Price in New Delhi

  • Trend of Petrol Rate in New Delhi, August 2017
  • Petrol Price
    1 st August Rs.65.40
    31st August Rs.69.15
    Highest rate in August Rs.69.15 on August 4
    Lowest Rate in August Rs.65.40 on August 1
    Over all performance Rising
    % Change +5.42%
  • Trend of Petrol Rate in New Delhi, July 2017
  • Trend of Petrol Rate in New Delhi, June 2017
  • Trend of Petrol Rate in New Delhi, May 2017
  • Trend of Petrol Rate in New Delhi, April 2017
  • Trend of Petrol Rate in New Delhi, January 2017

The advantage of doing that is you know when to fill petrol and make maximum use of falling petrol prices. In any case Delhi petrol rates are much lower then some of the other cities in India. It also sets the trend for an increase or decrease in rates in various other cities of India. The rates would be largely determined by the largest oil marketing companies in India, that is Indian Oil, Bharat Petrolem and Hindustan Petroleum. You would do well to check the rates given the fact that if you fill same about 30 to 40 litres petrol you could tend to lose a lot. Now that petrol prices in Delhi have been dergulated like many other cities in the country.

How are petrol prices in Delhi determined?

Petrol rates in Delhi largely depend on how international prices of crude oil move. It is largely linked to international crude prices, which trade abroad. There is also an India crude basket, which largely determines the prices of Petrol in Delhi. It is always advisable to check the petrol prices, if you are planning to fill your automobile to the brim. A small change in rates can be mean a lot when you have larger volumes of diesel or petrol to fill. Diesel prices in Delhi also more or less move in a smilar way.

 

OMCs may have to absorb petrol prices hikes

The government is looking at the possibility of asking oil marketing companies, more popularly known as OMCs to aborb any additional hike in petrol prices. In Delhi petrol prices have seen a very steep increase of almost Rs 7 in the last three months. This has not gone down well with consumers. This means that petrol rates in Delhi have now surged to the highest level in eight months and it is beginning to pinch the consumer. Earlier this year in June, the government dumped the practice of revising interest rates every fortnight as prices of the crude oil was very volatile. In line with petrol rates in Delhi, diesel prices to have surged, elevating the risk of inflation. While it was felt that the daily price revision may enable people absorb the shock, the current sharp increase is not good news for consumers.

Delhi petrol prices see constant rise in Delhi

In India, the petrol price changes daily and with international crude oil price. Fluctuation in crude oil prices globally is having an impact on the retail price of petrol and diesel in Delhi daily.
The main factors that are affecting petrol prices in India is taxes along with levies. Petrol users are paying more towards taxes than the actual cost of the product.Nearly 57 percent price of a liter petrol goes towards excise, VAT, and dealer margins. Rise in crude oil prices in the international market is one major factor responsible for the rise in petrol prices in Indian domestic market. Strong economic growth of India and other developing countries in Asia have increased huge demand of petrol, and other related essential fuels rose price hike in petrol in India.
There are different petrol prices for the various states in India.In Delhi, due to these reasons the petrol price slightly increased in paisa in Delhi. The price now has crossed the Rs 69.66.

Understanding Petrol Pricing in Delhi

We know that the movement of the petrol prices in Delhi will affect almost everyone in one or the other way. So it is essential to have an understanding of its pricing. Before, the prices used to change once every two weeks but now it changes on a daily basis. There are three major factors on which the petrol price in India depends and those are

Retail Selling Price (RSP)
Refinery Transfer Price (RTP)
Taxes

Retail Selling Price (RSP) - RSP is decided depending upon few factors such as the average pricing of Crude Oil of the Indian Basket,and this price is calculated in Dollars per barrel. As it is priced in Dollars, Dollar price on that specific day will also affect the petrol price in India.

Refinery Transfer Price (RTP) - Refinery transfer price is also charged which means oil marketing companies will be paying some price to the refineries and that will be charged and also the transportation costs will be charged that is one of the reason the petrol price in Delhi will be different from city to city.

Taxes - There are various taxes on the petroleum products such as excise duty which will be imposed by the central Government, VAT few other taxes including Delar commission will be charged in the petrol price we pay.

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